Bill Text: IA SF486 | 2017-2018 | 87th General Assembly | Introduced

Iowa Senate Bill 486 (Prior Session Legislation)

Introduced

Bill Title: A bill for an act relating to tax deductions for child foster care.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2017-03-09 - Subcommittee: Feenstra, Bolkcom, and Schultz. S.J. 559. [SF486 Detail]

Download: Iowa-2017-SF486-Introduced.html


Senate File 486 - Introduced




                                 SENATE FILE       
                                 BY  DANIELSON

                                      A BILL FOR

  1 An Act relating to tax deductions for child foster care.
  2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
    TLSB 2163SS (3) 87
    hb/rj

PAG LIN



  1  1    Section 1.  Section 422.9, subsection 2, Code 2017, is
  1  2 amended by adding the following new paragraph:
  1  3    NEW PARAGRAPH.  0d.  Add the amount paid or incurred by
  1  4 a taxpayer, who is a licensed foster care provider, for
  1  5 out=of=pocket necessary expenditures made by the taxpayer to
  1  6 facilitate foster child visitations with the child's parent,
  1  7 which expenditures are not covered by foster care payments
  1  8 to the taxpayer.  For purposes of this paragraph, "necessary
  1  9 expenditures" means items including but not limited to baby
  1 10 food, baby formula, diapers, and snack foods, which are
  1 11 purchased exclusively for use during scheduled visitations with
  1 12 the child's parent.
  1 13                           EXPLANATION
  1 14 The inclusion of this explanation does not constitute agreement with
  1 15 the explanation's substance by the members of the general assembly.
  1 16    This bill relates to tax deductions for foster care.  The
  1 17 bill provides that a taxpayer may deduct from Iowa net income
  1 18 necessary expenditures paid or incurred in connection with
  1 19 providing foster care to a child. For purposes of the bill,
  1 20 necessary expenditures means items including but not limited to
  1 21 baby food, baby formula, diapers, and snack foods, which are
  1 22 purchased exclusively for use during scheduled visitations with
  1 23 the child's parent.
       LSB 2163SS (3) 87
       hb/rj